On December 19, Shavkat Mirziyoyev held a meeting to discuss the results of work in the investment sector and the objectives for 2025, as reported by the president's press service.
Since 2017, Uzbekistan has attracted $188 billion in investments from all sources, including $87 billion from foreign investments. This has increased the share of investments in GDP to 30%.
In 2024, the volume of investments in the economy grew by 1.3 times, exceeding $36 billion. As a result, 560 large and medium-sized projects with a total value of 70 trillion sums have been put into operation since the beginning of the year. Consequently, this has also created a foundation for increasing exports by $1 billion in the following year.
During the meeting, the Minister of Investments, Industry, and Trade, Laziz Kudratov, presented plans for 2025 to utilize investments amounting to $43 billion. This will enable the implementation of more than 300 large projects and the launch of production for 662 new types of import-substituting products.
Laziz Kudratov. Photo: press service of the president
The head of state emphasized the need for targeted work with foreign investors, expanding conditions for them, and effectively implementing all agreements reached. Currently, work is underway on 1,890 projects.
“In the context of a challenging international situation, success in foreign trade requires special efforts. Export and logistics chains are becoming more complex, and the demand for finished products in key export markets is declining. In such conditions, a complete mobilization of internal resources is necessary to accelerate the pace of economic growth,” it was stressed during the meeting. The goal for 2030 is to double the annual export volume, bringing it to $45 billion,” the statement said.
To achieve this, the importance of timely launching investment projects, increasing production of goods and services with high added value, and expanding export markets was emphasized.
The president instructed responsible officials to constantly monitor the implementation of planned activities and ensure effective organization of work on the ground.
Earlier, Spot reported that China surpassed Russia in the number of companies established in Uzbekistan.